Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in NortonLifeLock Inc. (NASDAQ:NLOK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 120,985 shares of the company’s stock, valued at approximately $3,125,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. D Orazio & Associates Inc. purchased a new stake in shares of NortonLifeLock during the 4th quarter worth approximately $26,000. NEXT Financial Group Inc purchased a new stake in NortonLifeLock in the 4th quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC purchased a new stake in NortonLifeLock in the 4th quarter valued at approximately $38,000. Optimum Investment Advisors purchased a new stake in NortonLifeLock in the 4th quarter valued at approximately $38,000. Finally, Allworth Financial LP purchased a new stake in NortonLifeLock in the 4th quarter valued at approximately $39,000. 85.44% of the stock is currently owned by institutional investors.
NLOK stock opened at $20.66 on Friday. NortonLifeLock Inc. has a 1 year low of $16.64 and a 1 year high of $28.70. The company has a current ratio of 2.88, a quick ratio of 1.93 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $25.32. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 3.62, a P/E/G ratio of 9.88 and a beta of 1.27.
NortonLifeLock (NASDAQ:NLOK) last posted its earnings results on Thursday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.17. The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $607.39 million. NortonLifeLock had a return on equity of 9.68% and a net margin of 100.76%. NortonLifeLock’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts anticipate that NortonLifeLock Inc. will post 0.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Monday, February 24th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 2.42%. NortonLifeLock’s dividend payout ratio (DPR) is presently 42.74%.
A number of equities research analysts recently issued reports on NLOK shares. Robert W. Baird reduced their target price on NortonLifeLock from $26.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Credit Suisse Group reduced their target price on NortonLifeLock from $26.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. ValuEngine lowered NortonLifeLock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Barclays raised NortonLifeLock from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Co reduced their target price on NortonLifeLock from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. NortonLifeLock presently has a consensus rating of “Hold” and an average target price of $21.43.
NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.
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